Co-Payments Go Way Up for Drugs With High Prices

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Health insurance companies are rapidly adopting a new pricing system for very expensive drugs, asking patients to pay hundreds and even thousands of dollars for prescriptions for medications that may save their lives or slow the progress of serious diseases.

With the new pricing system, insurers abandoned the traditional arrangement that has patients pay a fixed amount, like $10, $20 or $30 for a prescription, no matter what the drug’s actual cost. Instead, they are charging patients a percentage of the cost of certain high-priced drugs, usually 20 to 33 percent, which can amount to thousands of dollars a month.

The system means that the burden of expensive health care can now affect insured people, too.

Or, in other words, if you think you’re covered because you’ve got insurance, think again. Even the insured can now go bankrupt when something happens to them.

One Response to “Co-Payments Go Way Up for Drugs With High Prices”

  1. Our Paul Says:

    It is called “medical bankruptcy”, a term that among Industrialized countries exists only in the United States.
    http://content.healthaffairs.org/cgi/content/full/hlthaff.w5.63/DC1


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